Friday, February 24, 2012

FPT United Tractors Tbk (“the Company”) today announced that the Company’s performance during the year 2011 recorded 48% increase in the Company’s consolidated revenue, from Rp 37.32 trillion in 2010 to Rp 55.05 trillion. The increase in net revenues was achieved due to sharp increase in heavy equipment sales contributed by Construction Machinery business unit that contributed 49.4% to the Company’s consolidated revenues, and increased production of coal generated by the subsidiary in mining contracting, PT Pamapersada Nusantara (“Pama”) which contributed 40.7%, while the remaining 9.9% came from the mining business unit which is run by PT Prima Multi Mineral (PMM) and PT Tuah Turangga Agung (TTA)